Sylvan Lake Market Update – October 1, 2019

Residential sales in central Alberta in September were down slightly (7.65%) compared to August while year to date sales are down 14.65%.  Red Deer was a bit of a different story with sales in September up very slightly compared to August and year to date sales down by 4.7%.  The surprise in the Red Deer market comes on the active listing side where inventories dropped to 692 compared to the beginning of September when there were 748.

We have identified the current situation as our “new normal” in central Alberta for some time now.  Alberta history over the past 40 years has taught us that the market always recovers from a downturn with a vengeance and comes back stronger than ever.  Many homeowners are still working on that premise, but we have to ask ourselves what might happen to drive a recovery?

Previous recoveries have always been financed by energy.  Alberta’s ability to export our oil at world prices is being blocked on all fronts and it will likely be a long time before that changes, if ever.  We believe that Albertans are the most resilient, innovative and progressive people in Canada and we will eventually return to prosperity, but it will take longer than it has in the past.  In the meantime, we must learn to accept our current reality and move on.

Clearwater County Market Update – October 1, 2019

Residential sales in central Alberta in September were down slightly (7.65%) compared to August while year to date sales are down 14.65%.  Red Deer was a bit of a different story with sales in September up very slightly compared to August and year to date sales down by 4.7%.  The surprise in the Red Deer market comes on the active listing side where inventories dropped to 692 compared to the beginning of September when there were 748.

We have identified the current situation as our “new normal” in central Alberta for some time now.  Alberta history over the past 40 years has taught us that the market always recovers from a downturn with a vengeance and comes back stronger than ever.  Many homeowners are still working on that premise, but we have to ask ourselves what might happen to drive a recovery?

Previous recoveries have always been financed by energy.  Alberta’s ability to export our oil at world prices is being blocked on all fronts and it will likely be a long time before that changes, if ever.  We believe that Albertans are the most resilient, innovative and progressive people in Canada and we will eventually return to prosperity, but it will take longer than it has in the past.  In the meantime, we must learn to accept our current reality and move on.

Rocky Mountain House Market Update – October 1, 2019

Residential sales in central Alberta in September were down slightly (7.65%) compared to August while year to date sales are down 14.65%.  Red Deer was a bit of a different story with sales in September up very slightly compared to August and year to date sales down by 4.7%.  The surprise in the Red Deer market comes on the active listing side where inventories dropped to 692 compared to the beginning of September when there were 748.

We have identified the current situation as our “new normal” in central Alberta for some time now.  Alberta history over the past 40 years has taught us that the market always recovers from a downturn with a vengeance and comes back stronger than ever.  Many homeowners are still working on that premise, but we have to ask ourselves what might happen to drive a recovery?

Previous recoveries have always been financed by energy.  Alberta’s ability to export our oil at world prices is being blocked on all fronts and it will likely be a long time before that changes, if ever.  We believe that Albertans are the most resilient, innovative and progressive people in Canada and we will eventually return to prosperity, but it will take longer than it has in the past.  In the meantime, we must learn to accept our current reality and move on.

Red Deer Market Update – October 1, 2019

Residential sales in central Alberta in September were down slightly (7.65%) compared to August while year to date sales are down 14.65%.  Red Deer was a bit of a different story with sales in September up very slightly compared to August and year to date sales down by 4.7%.  The surprise in the Red Deer market comes on the active listing side where inventories dropped to 692 compared to the beginning of September when there were 748.

We have identified the current situation as our “new normal” in central Alberta for some time now.  Alberta history over the past 40 years has taught us that the market always recovers from a downturn with a vengeance and comes back stronger than ever.  Many homeowners are still working on that premise, but we have to ask ourselves what might happen to drive a recovery?

Previous recoveries have always been financed by energy.  Alberta’s ability to export our oil at world prices is being blocked on all fronts and it will likely be a long time before that changes, if ever.  We believe that Albertans are the most resilient, innovative and progressive people in Canada and we will eventually return to prosperity, but it will take longer than it has in the past.  In the meantime, we must learn to accept our current reality and move on.

Ponoka Market Update – October 1, 2019

Residential sales in central Alberta in September were down slightly (7.65%) compared to August while year to date sales are down 14.65%.  Red Deer was a bit of a different story with sales in September up very slightly compared to August and year to date sales down by 4.7%.  The surprise in the Red Deer market comes on the active listing side where inventories dropped to 692 compared to the beginning of September when there were 748.

We have identified the current situation as our “new normal” in central Alberta for some time now.  Alberta history over the past 40 years has taught us that the market always recovers from a downturn with a vengeance and comes back stronger than ever.  Many homeowners are still working on that premise, but we have to ask ourselves what might happen to drive a recovery?

Previous recoveries have always been financed by energy.  Alberta’s ability to export our oil at world prices is being blocked on all fronts and it will likely be a long time before that changes, if ever.  We believe that Albertans are the most resilient, innovative and progressive people in Canada and we will eventually return to prosperity, but it will take longer than it has in the past.  In the meantime, we must learn to accept our current reality and move on.

Lacombe Market Update – October 1, 2019

Residential sales in central Alberta in September were down slightly (7.65%) compared to August while year to date sales are down 14.65%.  Red Deer was a bit of a different story with sales in September up very slightly compared to August and year to date sales down by 4.7%.  The surprise in the Red Deer market comes on the active listing side where inventories dropped to 692 compared to the beginning of September when there were 748.

We have identified the current situation as our “new normal” in central Alberta for some time now.  Alberta history over the past 40 years has taught us that the market always recovers from a downturn with a vengeance and comes back stronger than ever.  Many homeowners are still working on that premise, but we have to ask ourselves what might happen to drive a recovery?

Previous recoveries have always been financed by energy.  Alberta’s ability to export our oil at world prices is being blocked on all fronts and it will likely be a long time before that changes, if ever.  We believe that Albertans are the most resilient, innovative and progressive people in Canada and we will eventually return to prosperity, but it will take longer than it has in the past.  In the meantime, we must learn to accept our current reality and move on.

Blackfalds Market Update October 1, 2019

Residential sales in central Alberta in September were down slightly (7.65%) compared to August while year to date sales are down 14.65%.  Red Deer was a bit of a different story with sales in September up very slightly compared to August and year to date sales down by 4.7%.  The surprise in the Red Deer market comes on the active listing side where inventories dropped to 692 compared to the beginning of September when there were 748.

We have identified the current situation as our “new normal” in central Alberta for some time now.  Alberta history over the past 40 years has taught us that the market always recovers from a downturn with a vengeance and comes back stronger than ever.  Many homeowners are still working on that premise, but we have to ask ourselves what might happen to drive a recovery?

Previous recoveries have always been financed by energy.  Alberta’s ability to export our oil at world prices is being blocked on all fronts and it will likely be a long time before that changes, if ever.  We believe that Albertans are the most resilient, innovative and progressive people in Canada and we will eventually return to prosperity, but it will take longer than it has in the past.  In the meantime, we must learn to accept our current reality and move on.